کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
837918 908351 2011 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
On the existence and stability of business cycles in a dynamic model of a closed economy
موضوعات مرتبط
مهندسی و علوم پایه سایر رشته های مهندسی مهندسی (عمومی)
پیش نمایش صفحه اول مقاله
On the existence and stability of business cycles in a dynamic model of a closed economy
چکیده انگلیسی

In this paper we analyze a macroeconomic model derived from Schinasi’s model of a closed economy. Rigorous analysis of the existence and stability of the equilibrium is carried out. We present a formula for the calculation of the focus constant in the bifurcation equation of the model. Thereafter we prove the existence and stability of business cycles by application of the Hopf bifurcation theorem. Finally, we give an example of a model with a stable business cycle and its graphical illustrations.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Nonlinear Analysis: Real World Applications - Volume 12, Issue 2, April 2011, Pages 1213–1222
نویسندگان
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